REX Shares Surpasses $1 Billion in Assets Under Management Across Its ETF Suite
MIAMI – May 23, 2024 — REX Shares, a leading provider of exchange-traded products (ETPs), is proud to announce a monumental milestone, having surpassed $1 billion in Assets Under Management (AUM) across its comprehensive suite of ETFs. This achievement underscores the growing investor interest and confidence in REX Shares’ innovative investment solutions, including the T-REX Leveraged and Inverse ETFs and the REX FANG & Innovation Equity Premium Income ETF (FEPI).
Since its inception, REX Shares has been at the forefront of providing retail and institutional investors with access to a broad range of investment strategies. These strategies are designed to meet the diverse needs of investors seeking growth, income, and hedging opportunities in their portfolios. The crossing of the $1 billion AUM threshold is a testament to the firm’s unwavering commitment to excellence, innovation, and the creation of value for shareholders.
“The achievement of this significant milestone is a reflection of our team’s dedication to innovation and our commitment to offering investors sophisticated, yet accessible investment solutions,” said Scott Acheychek, CEO of REX Shares. “We are thrilled that our T-REX Leveraged and Inverse ETFs, alongside FEPI, have been able to grow so rapidly. This success motivates us to continue expanding our offerings and exploring new opportunities that align with our investors’ evolving needs.”
The T-REX Leveraged and Inverse ETFs have gained popularity among sophisticated traders looking for tactical investment opportunities and ways to manage risk in volatile markets. Meanwhile, FEPI has attracted investors with its distinct approach to covered call strategies, offering a strategy that effectively balances income and growth by producing consistent income without sacrificing NAV appreciation.
For more information about REX Shares and its product offerings, please visit www.rexshares.com
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Gregory FCA for REX Shares
Investors should consider the investment objectives, risk, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the T-REX ETFs please call 844-802-4004 or visit our website at rexshares.com. Read the prospectus and summary prospectus carefully before investing.
The leveraged Funds will lose money if the underlying security performance is flat over time, and as a result of daily rebalancing, the underlying security’s volatility and the effects of compounding, it is even possible that the Funds will lose money over time while the underlying security’s performance increases over a period longer than a single day. The Funds seek daily inverse leveraged or long leveraged investment results and are intended to be used as short-term trading vehicles. These leveraged and inverse Funds are not suitable for all investors. The Funds are designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily inverse (- 2X) investment results, understand the risks associated with the use of shorting and are willing to monitor their portfolios frequently. The Funds do not seek to achieve their stated investment objective over a period of time other than a single/ one trading day. The Shares will change in value, and you could lose money by investing in the Funds. Investing in the Funds is not equivalent to investing directly in the underlying securities as the Funds will generally hold 0% of underlying shares.
The Funds’ investment adviser will not attempt to position each Fund’s portfolio to ensure that a Fund does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, if a Fund’s underlying security moves more than 50%, as applicable, on a given trading day in a direction adverse to the Fund, the Fund’s investors would lose all of their money.
Important Risks
Industry Concentration Risk. In following its methodology, the Index from time to time may be concentrated to a significant degree in securities of issuers located in a single industry or industry group. To the extent that the Index concentrates in the securities of issuers in a particular industry or industry group, the Fund will also concentrate its investments to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund may face more risks than if it were diversified broadly over numerous industries or industry groups.
Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation, and legal restrictions.
Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the Index over the Call Period. This means that if the individual stocks comprising the Index experiences an increase in value above the strike price of the sold call options during a Call Period, the Fund will likely not experience that increase to the same extent and may significantly underperform the individual stocks comprising the Index over the Call Period. Additionally, because the Fund is limited in the degree to which it will participate in increases in value experienced by the individual stocks comprising the Index over each Call Period, but has full exposure to any decreases in value experienced by the individual stocks comprising the Index over the Call Period, the NAV of the Fund may decrease over any given time period.
Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.
Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent to which the Fund participates in the positive price returns of the individual stocks comprising the Index and, in turn, the Fund’s returns, both during the term of the sold call options and over longer time periods.
Technology Industry Risk. The stock prices of technology and technology-related companies and, therefore, the value of the Fund, may experience significant price movements as a result of intense market volatility, worldwide competition, consumer preferences, product compatibility, product obsolescence, government regulation, excessive investor optimism or pessimism, or other factors.
Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil. This risk is greater for the Fund as it will hold options contracts on a single security, and not a broader range of options contracts.
New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.
New Adviser Risk. The Adviser is newly formed and has not previously managed an ETF. Accordingly, investors in the Fund bear the risk that the Adviser’s inexperience may limit its effectiveness.
Leverage Risk. The Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage.
Non-Diversification Risk. The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended. This means it has the ability to invest a relatively high percentage of its assets in the securities of a small number of issuers or in financial instruments with a single counterparty or a few counterparties.
The REX Shares ETFs are distributed by Foreside Fund Services, LLC